Loading...
HomeMy WebLinkAbout1005 $277,U00.00 Fort Lauler3ale, Florida February 2?nd 197a , • FOR ~ALUE RECEIVED, the undersigned promises to pay to the order of CE~TRAL BA~vK aND TRUST CO~iPAV1' OF ,~fI~~.~1I , as Trustee un3er Land 1'rust ~ 57-1; J and FR:~`:}: FREE~Ia?:, I\C. and KILG:i~ ~C`:- NEE REALTY, I\C. the sum of T~~o H~andred Sevent}--Seyen Thousand and ~0/100 Dollars ($277,000.00) together_:.ith intere~t thereon fr~m February 22nd ~ 197 at the rate of Se:~en Per Cent f j~) per annum on the unpaid principal balance, principal and 'int~rest becomina due and payable as follotiYs: = Thirty ~ine Tliousand I~ive Hunlred Sevent~~-"I':.a anc? \o/t~Q Dollars (~39,572.00) plus accrued interest on the "'-I~' day of rebc~ary 1.97 S, and on the 2?ndday of -Februar}~ each year thereafter until the ~~na day of ~=e~~~ry 1~31, at tiahich time the entire principal sum remaining unpaid ; together with interest thereon siiall be due and payable. ~ This Note may be prepaid in whole or in part at any E ~ time after January 1, 197~ and from time to time without ' penalty or premium. ~ ~ The interest or the o~.-nership of CEVTR~L B~~K ~ND TRUST CO~iPANY OF I+tI~1;~1I , as 1 rustee under Land Trust ^ 57 -170 r in this note is ~249,0OO.Ot~. The interest or the o~~ner- ~ ship of FR.4NK FREE~tA~, I:~C. in this note is S11,200.00. ~ The interest or the ownership of KILGAtiVOV-~EE REALTY, 5 I~C. in this note is $16,800.00. The principal and ~ interest payments shall be paid each year to each payee ~ in separate payments in the same proportion as each payee's ~ interest or o?,;nership in the said note. " ~ ~faker shall have no personal liability under the terms of this ~ note and Holders hereby agree that liability shall be limited ~ solely to the land encumbered by the mortga~e securing this note. ti ~ Now, siiould it becor~e necessary to collec~ tnis note through an attorney, either of us, ~vhetner r:;aker, surety or endorser on this note, hereby agree to pay all costs of such collection ~ including reasonable at~orne}~'s fee. The drac,wers and endorsers =:x severally waive presentr~ent of paynent, protest and notice of non-payment of this note. - IN TEiE EVENT any payment of interest or principal be not Faid within thirty (~0) days after the same becones due, the Holders 2~ of this note may, at their option, declare the -hole principal sum hereof to be immediately due~and payable. _ - " / ~ ,J /I ~ ~ ,f/ - ' - ~ ~/1.! - ;y^ ~ATRICK J4~j\FE, as Trustee ~ f . ~ . - r 22~ PA~i~4 ~ %f ~ . _ ~ ~ ~ ~ ~ ~ - ~tILDA,I=.D "t. :~TEE, his ~,rife - ~ y. ~ - _ - ~ ~ . _ ~ . _ ~ .